Replies to post #125605 on Savvy Trades and Investments

[littlefish]

Correct, so how do you say they made 45 cents a share when they weren’t even profitable with operations BEFORE interest expense?..

I get they lost about 11 cents backing out the impairment charge. Maybe there is other weird stuff going on, but the superficial quick answer is they lost about $17 million after interest expense and interest income is calculated. $1 mill operating loss, about $21 mill interest expense, and about $4.7 mill interest income. Altogether roughly $17 mill loss.

So then my next question is, how did they come up with adjusted 45 cents a share gain? They IMO should not include a one time tax gain from the goodwill impairment loss in adjusted earnings. And when you start getting to that second simple question a whole can of cloudiness comes up where nothing seems clear to me in the Q report whether intentional or not, whether completely legitimate or not. Either way, if it isn’t clear to me, I move on and would never put over 100% of my portfolio into something I can’t even get that basic info clarified.

[littlefish]

IART- $17 mill loss being more like a loss of 20+ cents per share looks like (threw out the 11 cent figure without looking up share count in previous post).

Now I don’t own it and haven’t delved into it very deeply but superficially when they were talking about 45 cents a share adjusted income I thought that was odd considering I was seeing a 20+ cents per share loss. And for the first 6 months I was seeing more like a loss of roughly $48 million IIRC. Maybe there is some foggy stuff to clarify it, but spending fifteen to twenty minutes looking at the Q I decided it was too muddy to have any confidence in.

All IMO only.